Credit Suisse X Links Etf Market Value
USOI Etf | USD 77.15 0.83 1.09% |
Symbol | Credit |
The market value of Credit Suisse X-Links is measured differently than its book value, which is the value of Credit that is recorded on the company's balance sheet. Investors also form their own opinion of Credit Suisse's value that differs from its market value or its book value, called intrinsic value, which is Credit Suisse's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Credit Suisse's market value can be influenced by many factors that don't directly affect Credit Suisse's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Credit Suisse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credit Suisse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credit Suisse's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Credit Suisse 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Credit Suisse's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Credit Suisse.
04/04/2023 |
| 03/29/2024 |
If you would invest 0.00 in Credit Suisse on April 4, 2023 and sell it all today you would earn a total of 0.00 from holding Credit Suisse X Links or generate 0.0% return on investment in Credit Suisse over 360 days. Credit Suisse is related to or competes with Aptus Defined, Discipline Fund, IShares Core, IShares Core, IShares Core, IShares Core, and Global X. The investment seeks a return linked to the performance of the price return version of the Credit Suisse Nasdaq WTI Crud... More
Credit Suisse Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Credit Suisse's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Credit Suisse X Links upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.07 | |||
Information Ratio | 0.0718 | |||
Maximum Drawdown | 6.22 | |||
Value At Risk | (1.38) | |||
Potential Upside | 1.82 |
Credit Suisse Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Credit Suisse's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Credit Suisse's standard deviation. In reality, there are many statistical measures that can use Credit Suisse historical prices to predict the future Credit Suisse's volatility.Risk Adjusted Performance | 0.1159 | |||
Jensen Alpha | 0.2236 | |||
Total Risk Alpha | (0.04) | |||
Sortino Ratio | 0.0704 | |||
Treynor Ratio | (1.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Credit Suisse's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Credit Suisse X-Links Backtested Returns
Credit Suisse appears to be very steady, given 3 months investment horizon. Credit Suisse X-Links secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the etf had a 0.29% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Credit Suisse X Links, which you can use to evaluate the volatility of the entity. Please makes use of Credit Suisse's mean deviation of 0.8154, and Risk Adjusted Performance of 0.1159 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Credit Suisse are expected to decrease at a much lower rate. During the bear market, Credit Suisse is likely to outperform the market.
Auto-correlation | 0.56 |
Modest predictability
Credit Suisse X Links has modest predictability. Overlapping area represents the amount of predictability between Credit Suisse time series from 4th of April 2023 to 1st of October 2023 and 1st of October 2023 to 29th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Credit Suisse X-Links price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Credit Suisse price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.56 | |
Spearman Rank Test | 0.11 | |
Residual Average | 0.0 | |
Price Variance | 10.71 |
Credit Suisse X-Links lagged returns against current returns
Autocorrelation, which is Credit Suisse etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Credit Suisse's etf expected returns. We can calculate the autocorrelation of Credit Suisse returns to help us make a trade decision. For example, suppose you find that Credit Suisse has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Credit Suisse regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Credit Suisse etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Credit Suisse etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Credit Suisse etf over time.
Current vs Lagged Prices |
Timeline |
Credit Suisse Lagged Returns
When evaluating Credit Suisse's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Credit Suisse etf have on its future price. Credit Suisse autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Credit Suisse autocorrelation shows the relationship between Credit Suisse etf current value and its past values and can show if there is a momentum factor associated with investing in Credit Suisse X Links.
Regressed Prices |
Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.CLSK | CleanSpark | |
V | Visa Class A | |
CDLX | Cardlytics |
Check out Credit Suisse Correlation, Credit Suisse Volatility and Credit Suisse Alpha and Beta module to complement your research on Credit Suisse. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Credit Etf analysis
When running Credit Suisse's price analysis, check to measure Credit Suisse's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Credit Suisse is operating at the current time. Most of Credit Suisse's value examination focuses on studying past and present price action to predict the probability of Credit Suisse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credit Suisse's price. Additionally, you may evaluate how the addition of Credit Suisse to your portfolios can decrease your overall portfolio volatility.
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Credit Suisse technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.